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A Behavioral Theory of the Firmby Richard Michael Cyert
Synopses & Reviews
Behavioral Theory of the Firmhas become a classic work in organizational theory, and is one of the most significant contributions to improving the theory of the firm. This second edition includes new material which puts the original text in a contemporary context.
* Use experiments and empirical observations to build a model of decision making which can be compared with reality.
* Reject the structure of the firm as represented by classical economic theory, instead focus on the discretion of management.
* Offer a new way of viewing the effects of the organization, communications and individuals on the firm's activity.
For students and specialists the second edition of this pathbreaking book offers the original theory, a new summary of the most important work that has taken place since the book was originally published, and an approach which not only advances the theory of the firm but provides a rigorous model for all research in the social services.
It is the most important and provocative view yet advanced for seeing inside the firm to understand it as an organization and an economic entity.
A Behavioral Theory of the Firm has become a classic work in organizational theory, looking inside the firm to develop new theoretical ideas abnout economic behavior. The second edition reaffirms the seminal arguments and insights of the first and puts the original text in its contemporary context.
Rejecting the portrayal of the firm found in classical economic theory, the authors focus on the actual behavior of business firms. Their ideas, which have influenced students of organizations throughout the social sciences, capture the fundamentals of organizational decision making, offering important perspectives not only on economic organizations but also on governmental agencies and educational institutions.
For students and specialists the second edition of this pathbreaking book offers the original theory along with an examination of work that has taken place since the book was originally published. It provides a new statement of some of the more significant modern ideas for understanding the firm as an organization.
Behavioural Theory of the Firm has become a classic work in organizational theory, and is one of the most significant contributions to improving the theory of the firm. This second edition includes new material which puts the original text in a contemporary context.
About the Author
Richard Cyert is President of the Carnegie Bosch Institute at the Carnegie Mellon University. He is also author/co-author of numerous books and has published over 100 articles in economics, management and behavioral sciences.
James March is Fred H Merrill Professor of Management, and Professor of Political Science and Sociology at Stanford University. He has jointly written many books and has written numerous articles on the subject of behavioral science.
Table of Contents
List of Tables and Figures.
Preface to Second Edition.
2. Antecedents of the Behavioral Theory of the Firm.
3. Organizational Goals.
4. Organizational Expectations.
5. Organizational Choice.
6. A Specific Price and Output Model.
7. A Summary of Basic Concepts in the Behavioral Theory of the Firm.
8. Some Implications.
9. An Epilogue.
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